...According to KC Chakrabarty, Deputy Governor of the Reserve Bank of India, there has been little headway in the implementation of infrastructure projects. "Out of 576 SEZs that have received formal approval, only 172 are operational. Against a target of awarding road projects aggregating 50,621 kms during 2008-13, only 10,690 kms have been awarded," he said at an infrastructure finance conclave in Agra on August 9. Many of the projects awarded are yet to see commencement of work due to problems in achieving financial closure, delays in land acquisition and obtaining environmental clearances. "Out of 16 ultra mega power projects (UMPPs) planned, contracts for only four were awarded. Of this only one has become operational and another is nearing completion and that too much beyond the scheduled dates," Chakrabarty added...............
Read - India Today...........
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